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Double Bottom Pattern: A Trader’s Guide

Posted: 31 Jul 2019 08:12 AM PDT

Double bottom chart patterns are very popular among traders. Learn how to spot double bottoms and how to use them.

USD/TRY Price Outlook: Turkish Lira Probs Multi-Months High –What is Next?

Posted: 31 Jul 2019 07:13 AM PDT

On Friday USD/TRY started a fresh downtrend move and today, the pair tests its lowest level in near three months. Here are the levels sellers need to consider to keep pressing the price lower.

Japanese Yen Price Chart: USD/JPY Breakout Trade Levels for FOMC

Posted: 31 Jul 2019 07:00 AM PDT

An outside-day reversal off resistance leaves the immediate focus on a breakout of the recent price range. Here are the levels that matter on the USD/JPY charts.

Crude Oil Prices Buoyed by Declining Crude Inventories - US Market Open

Posted: 31 Jul 2019 06:35 AM PDT

Crude oil futures are notably firmer this morning with Brent crude up over 1% following yesterday's API crude oil inventory data. GBPUSD recovers as markets take profits.

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, USD/CHF

Posted: 31 Jul 2019 05:30 AM PDT

The US Dollar has held lower-high resistance ahead of the FOMC's widely-expected rate cut. But what's in store for the rest of 2019?

EUR/USD: Traders Remain Net-Long Suggesting Prices May Fall

Posted: 31 Jul 2019 05:08 AM PDT

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.

GBP/USD: Retail Data shows 76.8% of Traders are Net-Long

Posted: 31 Jul 2019 05:03 AM PDT

Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed GBP/USD trading bias.

Dow Jones, DAX & Gold Price Technical Analysis on Fed Day

Posted: 31 Jul 2019 05:01 AM PDT

Heading into today's FOMC meeting the Dow is up against resistance, DAX down on support, while gold could make or break a recent price pattern.

FTSE 100 Technical Outlook – Monday Rally Coming Under Fire

Posted: 31 Jul 2019 04:00 AM PDT

The FTSE shot out of a bull-flag the other day, but is being put to the test at this time; pass or fail time.

Canadian Dollar Outlook: USDCAD Eyes GDP Data and FOMC Decision

Posted: 31 Jul 2019 04:00 AM PDT

The latest look at Canadian GDP data is expected to show growth slowed in May to just 0.1% (m/m) from 0.3% in April.

USD/CHF, EUR/CHF Price Outlook: Failure at a Key Resistance

Posted: 31 Jul 2019 02:42 AM PDT

Last week EUR/CHF and USD/CHF closed in the green. However, this week the story looks different. Here is how both pairs may perform, and the levels they could test.

EURUSD Directionless on EZ Mixed Data, Awaits Fed Rate Decision

Posted: 31 Jul 2019 02:30 AM PDT

German inflation managed to pick up but inflation and growth in the Euro area continue to be under strain. EURUSD awaits key US data for direction.

US Dollar Outlook: GBPUSD, USDJPY FOMC Set-Ups

Posted: 31 Jul 2019 02:30 AM PDT

Focus is on the Federal Reserve rate decision. GBPUSD outlook remains weak with risks of deeper losses, while USDJPY continues to trade within its range.

Gold Price, Crude Oil Price: Breakouts Ahead of Fed Rate Decision

Posted: 31 Jul 2019 01:00 AM PDT

The technical set-up for both gold and crude oil remains positive with both breaking through resistance. Care needs to be taken however if the Fed disappoints later today.

USDCAD Rate Carves Lower Highs and Lows Ahead of Fed Rate Decision

Posted: 30 Jul 2019 11:30 PM PDT

USDCAD initiates a fresh series of lower highs and lows, with the exchange rate at risk for a further decline as the Federal Reserve is expected to deliver a rate cut.

US Dollar, Stock Markets Brace for FOMC Rate Decision

Posted: 30 Jul 2019 11:30 PM PDT

The US Dollar may gain at the expense of equity markets if the Fed rate decision and accompanying commentary induces risk aversion, overriding downward pressure from a dovish policy change.

S&P 500 and Nikkei 225 Charts Bearish, Stocks Drop Before the Fed

Posted: 30 Jul 2019 10:00 PM PDT

The Nikkei 225 and S&P 500 appear at risk to bearish technical signals as markets were rattled by US-China trade truce doubts as traders await how dovish the Fed will surprise.

Gold Prices May Fall as the Fed Falls Short of Dovish Market Hopes

Posted: 30 Jul 2019 08:30 PM PDT

Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets' ultra-dovish policy outlook.

Will Brazil Central Bank Pace FOMC, Cut Rates by 25 Basis Points?

Posted: 30 Jul 2019 08:00 PM PDT

Banco do Brasil and the Fed are expected to cut rates by 25-basis points, though the reasons behind a dovish shift may overwhelm the optimism associated with looser credit conditions.

Fed Focus Takes Over as Dollar and Global Risk Expect at Least a 25bp Cut

Posted: 30 Jul 2019 07:15 PM PDT

The market's attention is squarely on the Federal Reserve rate decision Wednesday afternoon. Will this holdout of optimism and policy rebalance cave to the speculative pressure of the market?

AUD/USD Downtrend Pause on Australia CPI Eyes Fed and Trade Talks

Posted: 30 Jul 2019 06:30 PM PDT

The AUD/USD downtrend might be at risk after Australia CPI beat expectations, but follow through for the Australian Dollar hinges on US-China trade talks and the Fed's dovish tilt.

NZDJPY Plunges After New Zealand Confidence Data Spooks Markets

Posted: 30 Jul 2019 06:00 PM PDT

The New Zealand Dollar fell against most of its major counterparts after local confidence data undershot forecasts and spooked markets – NZD eyeing FOMC rate decision ahead.

Lackluster Australia CPI to Keep AUDUSD Rate Under Pressure

Posted: 30 Jul 2019 05:00 PM PDT

Updates to Australia's Consumer Price Index (CPI) may do little to curb the recent decline in AUDUSD as the core rate of inflation is expected to narrow to 1.5% from 1.6%.

EUR/USD Reversal Warning Premature, Financial Markets Were Rattled

Posted: 30 Jul 2019 04:00 PM PDT

The EUR/USD bullish reversal warning seems premature given the proximity of the Fed after financial markets were rattled by US-China trade war concerns and disappointing earnings.

Nasdaq 100 Forecast: AAPL Stock Price Pops on Earnings Beat

Posted: 30 Jul 2019 02:30 PM PDT

Apple's stock price popped after-hours following a robust quarterly report from the iPhone-maker. While the company commands significant sway in the Nasdaq 100, stock traders await the Fed.
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